Clint Induces David,by Fraud in the Inducement,to Make an Instrument

question 82

Multiple Choice

Clint induces David,by fraud in the inducement,to make an instrument payable to the order of Clint.Clint then negotiates the instrument to Eric,a holder in due course,and later reacquires it from Eric.In this case:

• A) Clint is a holder in due course.
• B) Clint is not a holder in due course,but he succeeds to the rights of one,because of the shelter rule.
• C) Clint does not succeed to Eric's rights as a holder in due course and remains subject to the defense of fraud.
• D) because fraud in the inducement is a real defense,it can be used against both Clint and Eric.

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Definitions:

Emulate

Attempting to match or surpass someone or something by imitation or to replicate their success as a model.

Decision

The act of making a choice among available alternatives, often considered within the context of problem-solving or therapy.

Significant Influence

A substantial impact on or effect in determining the behavior, opinions, or development of someone or something.

Helping Professions

Careers and fields dedicated to aiding individuals, families, groups, and communities in improving their well-being and resolving personal or social issues.